Economic stagnation Current Affairs, GK & News

What is V-Shaped Recovery?

A V-shaped recovery is a type of economic recession and recovery that resembles the shape of alphabet V in charting. A V-shaped recovery involves a sharp revival of the economy to the previous peak after a sharp decline. The Finance Ministry’s latest Monthly Economic Review report stated that the Indian Economy is witnessing a V-shaped ..

Month: Current Affairs - December, 2020

Category: Economy & Banking Current Affairs

Topics: COVID-19 • Economic growth • Economic slow down • Economic stagnation • Recovery Rate • Reserve Bank of India (RBI)

ACTU report: Low wages bad impact on Australians

The Australian Council of Trade Union says that low wages has led to many Australians taking multiple jobs. The secondary jobs are acquired in healthcare, education and social assistance. The reason behind the situation is low wages in their primary jobs. Another major reason is the increase in casual part time insecure works. Economists call ..

Topics: Business cycle • Economic growth • Economic stagnation • Economics • Economy • minimum wage • Unemployment • Wages and salaries